U-Haul 2006 Annual Report Download - page 112

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The weighted average common shares outstanding: basic and diluted were 20,804,773 in fiscal 2005 and
20,749,998 in fiscal 2004.
Basic and diluted earnings (loss) per share in fiscal 2005 were $3.68, compared with ($0.76) in fiscal 2004.
Moving and Storage
Fiscal 2006 Compared with Fiscal 2005
Listed below are revenues for the major product lines at our Moving and Storage operating segment for fiscal
2006 and fiscal 2005:
2006 2005
Self-moving equipment rentals $ 1,503,569 $ 1,437,895
Self-storage revenues 103,250 96,202
Self-moving and self-storage product and service sales 207,119 191,078
Property management fees 23,988 14,434
Net investment and interest income 30,025 29,902
Other revenue 32,517 22,156
Moving and Storage revenue $ 1,900,468 $ 1,791,667
(In thousands)
Year Ended March 31,
During fiscal 2006, self-moving equipment rentals increased $65.7 million with increases in truck, trailer, and
support rental items. The increases are due to improved equipment utilization, pricing, and product mix that
included the introduction of approximately 15,500 new trucks in fiscal 2006. In most cases, these trucks replaced
older trucks removed from the fleet.
Self-storage revenues increased $7.0 million for fiscal 2006, compared to fiscal 2005 generally in line with the
increases in occupancy rates. Average occupancy based on room count has increased 5.5% in fiscal 2006, compared
to fiscal 2005.
Sales of self-moving and self-storage products and service increased $16.0 million for fiscal 2006, compared to
fiscal 2005. Retail sales generally increase in line with moving equipment rentals. In fiscal 2006 we have seen
increases beyond this trend due to improved customer demand for towing accessories and propane. U-Haul is the
largest single retail provider of propane and towing accessories in the United States through our Company owned
and managed locations. The Company continues to improve its visibility as a provider of propane and towing
accessories. Self-moving and storage related retail products continue to improve as we have increased our product
offerings.
The Company owns and manages self-storage facilities. Self-storage revenues reported in the consolidated
financial statements for Moving and Storage represent Company-owned locations only. Self-storage data for our
owned storage locations is as follows:
2006 2005
Room count as of March 31 123 127
Square footage as of March 31 9,592 10,003
Average number of rooms occupied 107 108
Average occupancy rate based on room count 87.9% 82.4%
Average square footage occupied 8,516 8,514
Year Ended March 31,
(In thousands, except occupancy rate)
29